Purpose of Facility
|Setting up new/green field projects or balancing the existing production capacity for greater efficiency/production or expansion of existing projects or modernizing the old process/machinery to more efficient one or replacing the obsolete machinery or any backward/forward integration for greater synergies.
Tenor of Facility
|From 2 years up to 7 years
Amount of Finance
|Limit will be allocated as per business needs/requirements
|Market competitive pricing will be offered
|Floating (Revision will be made according to the benchmark used)
For example: If 3 Months KIBOR is used then revision will be made quarterly, similarly for 6 Months KIBOR revision will be made bi-annually.
|Monthly/Quarterly/Bi-Annually/Yearly or complete adjustment at end of tenor
|Monthly/Quarterly/Bi-Annually/Yearly payment or at the time of complete adjustment of principal liability (whichever comes earlier)